Russell Investments Group Ltd. Acquires 9,648 Shares of Bunge Global SA (NYSE:BG)

Russell Investments Group Ltd. raised its stake in Bunge Global SA (NYSE:BG - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,931 shares of the basic materials company's stock after acquiring an additional 9,648 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Bunge Global worth $6,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after purchasing an additional 2,934,656 shares in the last quarter. Norges Bank bought a new position in Bunge Global in the 4th quarter valued at approximately $148,857,000. Amundi increased its position in Bunge Global by 24.9% in the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after acquiring an additional 490,153 shares during the period. SG Americas Securities LLC raised its stake in shares of Bunge Global by 173.5% during the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company's stock valued at $23,537,000 after acquiring an additional 191,999 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Bunge Global by 267.4% during the fourth quarter. Intech Investment Management LLC now owns 184,460 shares of the basic materials company's stock worth $14,344,000 after purchasing an additional 134,249 shares during the period. Institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BG shares. Citigroup increased their price objective on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday. Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Stephens reduced their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley lowered their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Finally, Barclays reduced their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global Trading Up 3.3 %

NYSE BG traded up $2.53 during trading hours on Friday, hitting $78.91. 1,583,532 shares of the company's stock were exchanged, compared to its average volume of 1,591,511. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $73.91 and a 200 day simple moving average of $80.61. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, equities analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.